Dataram Corporation Celebrates 50 Year Anniversary

On May 12, 2017

Dataram Corporation, an independent manufacturer of memory products and provider of performance solutions, announced that next week marks the Company’s 50th anniversary of its founding.

Dataram was originally incorporated in New Jersey on May 19, 1967 and made an initial public offering in 1968.  The Company’s Common Stock traded on the American Stock Exchange under the symbol DTM from 1968 until 1999 when the Company transferred its listing to The Nasdaq Capital Market (NASDAQ) and began trading under the symbol DRAM.

The market for independently manufactured add-in memory began in the early 1970’s with the introduction of core memory expansions for DEC computers.  During the late 1970’s semiconductor technology emerged as the dominant technology for use in computer memories, displacing magnetic core memories.

The Company believes that its 50-year reputation for providing quality products is an important factor to its customers when making a purchase decision.  To strengthen this reputation, the Company has, over the years, added a number of programs to better align with customer needs to include comprehensive lifetime warranty, buy-back, savings protection, asset management and recycling, and installation management programs, all of which are intended to provide customers with added confidence in buying products from Dataram while helping them manage the total cost of their computing environment.

“Dataram, being founded in 1967, has been around longer than many well-known companies in the computer electronics industry,” stated Jeff Goldenbaum, Dataram’s Director of Marketing.  “Having not only survived, but also thrived at times, in such a competitive industry for 50 years is milestone and something to be celebrated.”

“As we mark our 50th anniversary, we reflect on achieving a significant and historic business milestone,” stated Dave Moylan, Dataram’s Chairman and Chief Executive Officer.  “50 years in the technology industry is nearly unprecedented and over the last five decades, Dataram has achieved a number of notable accomplishments and been on the front lines as memory modules evolved from planer core memory stacks and 16KB capacity to the current 128GB capacity modules. In 1969, then President John W. Dymecki stated ‘that product performance and excellence, and employee commitment were key words upon which all of at Dataram will continue to build on for the future.’ We have remained true to this commitment made nearly 50 years ago and will continue to build on these.  As we begin our journey for the next 50 years, we do so with the merger with US Gold Corp., an acquisition that is intended to accomplish our diversification and growth objectives and also improve the value delivered to our shareholders.  These are exciting times and I am looking forward to them. ”

The closing of Dataram’s acquisition of US Gold Corp. is subject to the satisfaction of customary closing conditions and deliverables.

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